~With rising
cyber threats on national security and privacy issues, high time for the
country to practice Cyber Patriotism~

Topmost think-tank of the country SKOCH Group organized SKOCH
59th Summit on Cyber Patriotism to deliberate on significant
aspects such as National Cyber Security Strategy, Swadeshi IT, putting India First for the development of future
technologies, Indian AI and Block Chain for India. Addressing SKOCH Summit, Lt. Gen (Dr.) Rajesh Pant (National Cyber Security
Coordinator on Cyber Policies) today announced that India’s Cyber
Security Strategy Policy will be released in January 2020 and will enable the
Government to cyber secure the nation. The government’s vision of $5 Trillion
Economy will be helped to a great extent by this effort.

“The most important requirement for this is, increased effective
coordination between Ministries which are overseeing various aspects of Cyber
Security, proper Critical Infrastructure protection and Public-Private
partnership. I congratulate Sameer Kochhar for this initiative to bring top
brains from the private and public sector on the same platform to mainstream
Cyber Patriotism. Before this, I have never come across this term. Since the
critical information infrastructure does not only lie with the government,
partnership with the private sector becomes essential”, said Lt Gen Pant.

Talking about the huge budget required to successfully implement Cyber
Security at all levels, Maj. Gen. (Retd) Dr Ajeet Bajpai (Director-General,
National Critical Information Infrastructure Protection Centre, GOI) said, “Even
a small country like Israel has allocated $ 20 million as the annual budget for
cybersecurity. Considering the size and scale of our nation, we need
approximately Rs 25,000 Crore budget for the same. The biggest question is
where this money will come from? Also, there is a need to emphasise on the need
to make cybersecurity mandatory as a subject at University level for high
decibel awareness.”

Addressingthe possibility of$5 Trillion Economytransformation,
Mr Sameer Kochhar, Chairman, SKOCH Group (India’s topmost development think-tank)
at the event said, ”On this occasion, we start by remembering the great
personality Shri Arun Jaitley who supported and encouraged us. Hon’ble PM Shri
Narendra Modi has shared his vision for India to become a $ 5 Trillion
Economy by 2025 and I with full confidence can say that it is an achievable
target. In one of our earlier editions, we had discussed the possibilities of India becoming
a $10 Trillion Economy and how it can become a reality. For becoming a $5
Trillion economy we require 34% gross capital formation and the biggest
question that people are asking is, where will the funds come from?

There are ample avenues to generate funds, the important thing is to
efficiently utilise resources to generate more capital. The Indian industries
require capacity building to replace MNCs and handle government development
projects, especially in the technology sector. The Indian MSME sector needs to
be encouraged to strengthen the country’s capabilities. In spite of the
challenges that stand in front of us, we need to believe in the capability, growth
and future of the economy.

Power economies across the world are using Indian technology talent pool
to develop AI and other future technology solutions. The Summit
also highlighted the immediate need for the country to take a call on creating
Indian AI or Blockchain for India
and it's future.

The event also hosted power discussion on Whose data is it anyway? addressingData Mining in India
which can be viewed as a lost opportunity in respect to revenues through tax
for the government.